So many people are wondering what type of "recovery" the US economy will have or if we'll go into an extended recession or even a depression. But I think those people are missing the forest for the trees. If you correctly adjust for inflation and the real rate of unemployment, the US has been in a depression since 2008! And NOBODY'S TALKING ABOUT THIS! The rebuttal you'd hear is real GDP is up and...Read More
The lawmakers called DHS' deployment a "gross abuse of authority" and demanded "a full accounting of its activities by June 11."Continue...Read More
A Chinese propaganda outlet paid millions of dollars to The Washington Post and The Wall Street Journal to run advertisements made to look like news reports.Continue...Read More
Part 1 (part 2 below)Part 2Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Jim Bianco breaks down the impact of Fed activity on the bond market, and what potential yield curve control measures could mean for investors: Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has bui...Read More
At a moment a number of US public pension plans have barely recovered - if at all from the 2008 financial crisis - now to be hit with continuing economic fallout from the corona-crisis and domino Continue...Read More
On April 9, amidst plunging economic conditions, the Federal Reserve announced a set of lending policy initiatives that included a new "Municipal Liquidity Facility" for state and local governments. Continue...Read More
Former Minnesota Gov. Jesse Ventura joins Rick Sanchez to weigh in on nationwide efforts at far-reaching police reform, including growing calls to defund police departments. They also discuss the ominous militarization of US law enforcement in recent decades. Jesse Ventura, is an American politician, actor, author, Navy Seal, and former professional wrestler who served as the 38th Governor of Minn...Read More
At least 60 food-processing facilities outside the meatpacking industry have seen outbreaks, with over 1,000 workers infected with the virus, according to a new study from Environmental Working Group.Continue...Read More
Updated analysis of Gold and GDX against the Stock Market.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers glob...Read More
Instead of buying the dip as the gold market trades sideways within a two-month-long holding pattern, he is waiting for the breakout to jump into gold.Continue...Read More
Although the gold to silver ratio has tightened a bit, it remains elevated and could indicate more upside for silver, according to McAlinden Research Partners. Silver and silver miners popped in May on the back of a rebound in industrial activity around the world. Ultra-low interest rates and expectations of a weaker dollar have compounded several political pressures that begun popping up at the...Read More
Ron Struthers of Struthers' Resource Stock Report considers the current outlook for miners in Nevada and highlights ProAm Explorations, which he believes is a bargain primed for advancement. We are entering into a new gold and gold mining bull market. I expect this will go down as the biggest gold bull market in history, with record paper currency printing. It is coming off the bottom of the wors...Read More
The Nasdaq closed above 10,000 for the first time everAnother big day for the Nasdaq -- the index managed to lock in a close above 10,000 for the first time ever -- driven by a surge out of the tech sector. Meanwhile the S&P 500 erased earlier gains, while the Dow ended the day 280 points lower, after the Federal Reserve said it will keep interest rates near zero until there is confidence the eco...Read More
Adobe is set to post earnings after the close tomorrowComputer software name Adobe Inc (NASDAQ: ADBE) is up 2.8% to trade at $408.15 this afternoon, after clocking its fifth consecutive all-time high of $407.06 earlier today. The positive price action comes just one day ahead of its fiscal second-quarter earnings report, which is due out after the close tomorrow, June 11. Adobe stock's impressi...Read More
US sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on Wednesday June 10.The US Treasury Department 8 designated 121 tankers, container ships and other vessels owned or tied to Iranian shipper IRISL for additional secondary sanctions, which came in...Read More
Transocean options are trading at three times the average intraday volumeOil and gas drilling company Transocean Ltd (NYSE:RIG) is taking a steep fall on the charts today -- alongside much of the energy sector -- pulling back after the Organization for Petroleum and Energy Countries' (OPEC) production cut announcement caused a Monday surge. RIG is down 13.3% to trade at $2.48 at last check, headin...Read More
Plus, HRL options are affordably pricedThe shares of Hormel Foods Corp (NYSE:HRL) nabbed a record high of $51.53 on march 18 while most of U.S. equities were selling off. Today, the company entered into an underwriting agreement according to the Securities and Exchange Commission (SEC), while Vice President James M. Splinter sold 40,000 shares of HRL, according to an SEC filing. As HRL continues...Read More
ZS' options can be had for a bargain at the momentWhile software name Zscaler Inc (NASDAQ:ZS) has taken a breather since its well-received earnings report sent it soaring to fresh highs earlier this month, there's plenty of evidence ZS is primed for another rally. For one, ZS' post-earnings bull gaps have often been followed by a brief pullback, plus, this most recent breather has found some suppo...Read More
A big drop for Boeing is dragging the blue-chip index lowerThe S&P 500 Index (SPX) has erased its earlier gains to join the Dow Jones Industrial Average (DJI) in the red this afternoon, as investors anticipate the latest economic update from the Federal Reserve due out latertoday. The blue-chip index is off over 200 points, dampened by Boeing's (BA) 6% midday deficit. Tech stocks, meanwhile, are...Read More